Europe PACS and RIS Market

The PACS and RIS market in Europe is expected to grow from US$ 779.0 million in 2019 to US$ 1,439.9 million by 2027; it is estimated to grow at a CAGR of 7.9% from 2020 to 2027.

The national rate for CT scans were 126 per 1,000 individuals around 2014 and 2015. Rates ranged from 209 (New Brunswick) and 170 (Newfoundland and Labrador) to 88 (Alberta) and 93 (Prince Edward Island). In addition, according to the National Health Services (NHS) UK, there were 4.1 million imaging tests conducted in England in the 12 months from February 2017 to January 2017. Of these, 3.49 million imaging tests were reported to have taken place in January 2017. Moreover, as per the World Health Organization (WHO), with improved health care policy and the guided protocol of medical imaging for COVID-19 diagnosis, there has been a rise in the number of imaging-based procedures. Thus, the growing number of diagnostic imaging procedures performed across the region resulting in the increasing requirement of consumables for tests are likely expected to drive the growth of the Europe PACS and RIS market over the coming years.

The rapid spread of the COVID-19 virus and the special care that critical patients need put a major pressure on the European healthcare system. Government of various European countries started employing plans to prepare for the crisis situation after the boom of infections hit Italy in April 2020. During the action plan, the private and public healthcare institutions raised demand for radiological imaging devices of high quality to provide accurate diagnostics to the sufferers. The hospital capacities were increased in various countries for immediate treatment of the patients. The NHS also closely monitoring supplies of various medical devices in various countries of the region and managed distribution networks to make the primary equipment available to hospitals and public healthcare centers. Thus, the efforts undertaken by government created a surge in demand for PACS and RISs during the pandemic in the European region.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the PACS and RIS market. The Europe PACS and RIS market is expected to grow at a good CAGR during the forecast period.

Europe PACS and RIS Market Revenue and Forecast to 2027(US$ Million)

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Europe PACS and RIS Strategic Insights

Strategic insights for the Europe PACS and RIS provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe PACS and RIS Report Scope

Europe PACS and RIS Regional Insights

The geographic scope of the Europe PACS and RIS refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

Europe PACS and RIS Market Segmentation     

By Product

• Picture Archiving And Communication System (PACS)
• Radiology Information System (RIS)

By Component

• Hardware
• Software
• Services

By Deployment

• Web-Based
• On-Premise
• Cloud-Based

By End User

• Hospitals
• Diagnostic Centers
• Others

By Country

• Europe

  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe

Companies Mentioned

• Agfa-Gevaert Group
• INFINITT Healthcare Co., Ltd.
• McKesson Corporation
• Cerner Corporation
• General Electric Company
• Koninklijke Philips N.V.
• FUJIFILM Holdings Corporation
• Siemens AG
• IBM
• Novarad